The Washington critic., 1887-07-30
THE REAL ESTATE MARKET.

Unabated Interest in City and Sub
urban Property, Notwithstauding the
Heat.
Real estate movements continue, not
withstandiDg the hot weather, and interest
in such property, city and country, seems
to be unabated. From the best informa-
tion at command, 1t is reported that there
is good demand for real estate, both for
speculative purposes and for improvement.
Nor is any SECTION specially favored in this
particular. Property east Of the Capitol is
being brought into notice, and there is a
growing disposition to seize upon desirable
lots In that section Of the city, while prices
OF real estate are steadily advancing. Such
a condition Of affairs at this season of the
year is without parallel, and bespeaks for
the fall an era OF uuexampled business
prosperity. OF course, those who are earliest
In the field will reap the largest
benefits, and the fact that the shrewdest OF
our local capitalists (as well as the astute
political lights who find time amid their
cares and duties to watch the signs OF the
times, and those more remote, who know
OF Washington's advantages and believe In
Washington's future) are investing quite
largely in real estate In and near the Capt.
tai ia indicative of faith which has become
contagious, and which 1. will be difficult to
limit or control.
Whatever may be individual opinions re-
garding the respective merits and ad-
yantages OF country and urban investments,
all seem to agree In the belief that judi
cious investments 10 real estate In the Dis
trct OF Columbia cannot fail to be remu-
nerative.
In recent interview with Messrs. Nc.
Lachlen & Batchelder, real estate dealers
at No IA al nrth tha uni pttnr
was informed that said firm had recently
made sales OF considerable property In vari-
Gus sections OF the District.
At Lapier Heights very handsome lots,
under the new subdivision made by Hon.
B. W. Perkins, NJ. c., and Mr.. a. NJ. Nc
| Lachlen, have lately been sold to good
| class OF customers, and several choice par
GELS are yet In the market, The fact that
the District Commissioners have decided to
leave uudisturbed the present plan OF streets
| on Lauier Heights has had O good effect,
and considerable grading and grayellng will
he done during the early autumn. Some OF
the lots already disposed of have been sold
to parties who propose to build for their
own occupancy-for residence, rather than
for speculation.
Messrs. Mcl.achen & Batchelder hold o
fine lot on Lanier Heights, perhaps the
handsomest on the heights, three efourths OF
an acre, being reserved for building. This
lot commands one OF the most delightful
views of Rock Creek, adjolns the handsome
residence of Professor g. Brown Goode Of
the National Museum, and will be sold at q
specially low figure to any one who will
erect thereon lrst-class residence.
1t will be interesting information that a
movement is on foot to lay concrete pave
ment from the present terminus OF Massa.
thuseits avenue to Rock Creek, SO that a
fine driveway may be had from the Bound
6ry to Belair Heights. Messrs. McLschlen
& Batcbelder are interested In desirable
property on Belair Heights and are Offering
some rare bargains in that locality.
The property at the head Of Eighteenth
and Nineteenth streets northwest, owned
by syndicate, is being improved very
rapidly, and considerable grading Is being
done. This property is destined, 1t is be
l!eyed, to command high figure.
A flne residence on Columbia road, be
tween Fourteenth and Fifteenth streets
200 by 145 feet, is for sale at a bargain by
Messrs. McLachlen & Batchelder, II applied
for soon. The firm referred to have alsc
halfsquare lots at the northeast, whlct
they are offering at speculative prices, from
which good advances are predicted. Coco
lots Will be sold all the way from I! cent
to 20 cents per foot There Is great demand
in that section for houses to rent at reason
able prices.
Messrs. McLachen & Batchelder invite
tho attention OF all who are interested II
real estate matters In the District, and who
are anxious to share 10 the profits likely t
accrue from judicious Investments to prop
erty In their control; and they would b,
pleased to meet any such at their Office No
1926 + street northwest, and give them til,
benefit of their experience and observation
ln addition to their extensive real estat,
business Messrs. McLachlen & Batchelde
make feature Of handling Western mort
gage securities, they being agents for th
Equitable Mortgage Company OF Wichita
Kan which company loans exclusively II
the Arkansas Valley, and for the Dakota In
vestment Company OF Grand Forks, Oak.
which company operates In the Red Rive
Valley. These mortgages are guaranteed
principal and interest, at 7 per cent, an(
will be paid at the Office of Messrs. McLach
len & Batchelder on the day they are due
The mortgages range from 800 to $1,000
Hon. b. W. Perkins, Member OF Congress
from Kansas, is president OF the Equitable
Company, and much OF the stock Is held b.
wel-known Washington gentlemen.
Mossrs. McLachleu,S & Batchelder will b
pleased TO meet any who are contemplatin
invcstmeuts, in the belief that they will b
able to give some hints and advice that will
prove Of great advantage.